Zions to redeem all $285 million 8% capital securities on May 3

By Jennifer Chiou

New York, April 2 - Zions Bancorp announced that it will redeem its $285 million aggregate liquidation amount of 8% capital securities.

The 11.4 million capital securities will be redeemed at $25 per share plus accrued dividends to May 3, the redemption date.

The Bank of New York Mellon is the paying agent.

Zions is a Salt Lake City-based bank holding company.

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